According to the latest data of China Clearing, the number of individual investors in A-Shares has exceeded 200 million.
According to the survey of individual investors in 2021 completed by Shenzhen Stock Exchange, the average asset scale of investors’ securities accounts reached 606000 yuan, an increase of 9000 yuan over 2020, a record high.
This is the 13th consecutive year that the Shenzhen Stock Exchange has conducted this survey since 2010.
this survey is stratified by the geographical distribution of securities accounts, covering 342 large, medium and small cities in 31 provincial administrative regions (excluding Hong Kong, Macao and Taiwan), involving 36905 investors aged between 18 and 60 who have traded stocks in Shenzhen and Shanghai in the past 12 months. 29100 valid questionnaires were collected
The survey results show that there is a strong correlation between investors’ investment knowledge level and investors’ profit and loss and the year of entering the market.
profit making investors scored 74.8 on the investment knowledge test, which was significantly higher than 69.6 for loss making investors. The knowledge test score of new investors is only 69.4 points, 1.8 points lower than the average level
survey found that the investment behavior of profit-making investors is more rational and pay more attention to research and learning . Nearly 90% of profitable investors mainly focus on the operation status of listed companies and macroeconomic information factors when making investment decisions, which are 10.8 percentage points and 8.2 percentage points higher than those of loss investors respectively.
survey results also show that in terms of investment knowledge, in the test with a full score of 100, the average score of investors’ investment knowledge test is 71.2, which is basically the same as that in 2020 . The gap between the scores of investors in different regions and sectors has narrowed. The average score of investors in East China is 72.0, which is 2.5 points higher than that of investors in Northwest China, and the gap is 2.6 points lower than that in 2020; The average score of GEM investors was 72.0, 2.4 points higher than that of mainboard investors and 1.4 points lower than that in 2020.
With the steady progress of the registration system with information disclosure as the core, investors pay more and more attention to the announcement and performance briefing of listed companies. The survey shows that 72.3% of investors pay attention to the disclosure of information such as prospectus, periodic report and temporary announcement of listed companies.
investors have high expectations for the performance presentation meeting of listed companies. They hope that listed companies can further hold and implement the performance presentation meeting by collecting questions in advance before the meeting, seriously responding during the meeting, timely disclosing after the meeting, using more live video instead of text interaction, and doing a good job in the advance notice and publicity of the performance presentation meeting
In 2021, 85% of the listed companies in Shenzhen stock market held performance presentations. Most investors believe that the performance presentation can promote the improvement of the quality of listed companies, help investors have a more comprehensive understanding of listed companies, and create a good atmosphere of respecting and respecting investors. From the experience of investors participating in the performance briefing, nearly 60% of investors believe that they have had beneficial interaction with listed companies.
2021 is the first full year after the reform of the gem and the implementation of the pilot registration system. The survey shows that investors recognize the effectiveness of the reform of the gem and the pilot registration system . For the reform and pilot registration system of gem registration system, investors believe that “it has strongly supported the development of strategic emerging industry enterprises, high-tech enterprises, specialized and special new small and medium-sized enterprises”, “gem registration system companies have good growth and profitability”, “the reform operates smoothly and has no sense of operation”.
2021 is also the first year of public infrastructure REITs listing. The survey found that investors are concerned about the listing and trading of the first batch of public infrastructure REITs products and look forward to the future development of public infrastructure REITs.
76.4% of the surveyed investors said they knew something about the public offering REITs of infrastructure.
for the reasons for investing in this product, investors believe that “there is a stable and high proportion of dividends, which is suitable for long-term investment” and “they are interested in new products” . The willingness of investors to choose bottom assets is in order of interest: national strategic emerging industry clusters, high-tech industrial parks, characteristic industrial parks, pollution control projects, water, electricity, heat and other municipal projects.
For the future development of infrastructure public offering REITs, investors believe that the pilot scope should be expanded to provide more choices for investment in REITs, and the operation and management mechanism of REITs should be improved to improve the transparency of information disclosure. Investors expect to provide more REITs products with high-quality underlying assets.
